Lake Avenue Foundation Inc.

“The Finance Committee of the Lake Avenue Community Foundations consists of the Board Chair, Board Treasurer and the Executive Director of the organization. Upon preparation of the IRS Form 990 by the Finance Manager, the Finance Committee will review the form to ensure its accuracy and completeness. Upon approval by the Finance Committee, the Form 990 is submitted to the full Board of Directors for approval and the Board Chair signs off on the completed form.”

“Upon disclosure of any financial interest and all material facts, and subsequent to discussion with the interested person, the person shall exit the governing board or committee meeting while a closed session is conducted for the determination, if a conflict of interest exists. A vote is then taken to make the final decision.”

“Compensation for the Executive Director is determined as part of an annual budgeting process. The compensation amounts and benefits are compared with like organization in the greater geographic area and also through the use of compensation surveys, issued by similar organizations and accounting firms who publish the information. The salary and compensation amounts are presented to the entire Board of Directors as part of the budget approval process on an annual basis and is documented in the minutes accordingly.”

“Documents are made available upon request.”

“In order to alleviate a wait list at our Villa 500 STARS after school site and to reach students in an additional neighborhood, Lake Avenue Community Foundation opened our new North STARS after school site in Oct 2014. In collaboration with Because You Matter, Inc, this new elementary after-school site currently serves 20 students in 1 - 5 grades, and has room to grow in future years. The program provides enrichment activities and homework help four days a week from 3 - 6 pm.”

“Family Engagement: We believe the family unit is the foundation of our society, and realize that a strong partnership with parents is essential to the success of our students. We seek to strengthen the family unit by providing academic advocacy and coaching, parenting classes, counselling support groups and other learning opportunities like ESL, and technology classes to engage parents in both their child/student's academic process and their own educational well-being. Other programs and services: College and Career Development as well as Community Counseling, help unleash the God-given potential of at-risk youth and families, providing them with the tools necessary to thrive academically, emotionally, economically and spiritually. Volunteer Outreach helps coordinate volunteers and use their talents and abilities to optimize the potential of the organization to assist.”